Blippy was a weird social networking site where users entered in their credit card information and then it let you publicly broadcast everything you purchased online. A year and a half after its launch, they’ve realized that no one really wants to do that and have decided to shut down that part of the site and reformat.

After this morning’s revelation that Blippy.com — the site for people who think foursquare isn’t enough oversharing — had somehow leaked users’ credit card numbers to anyone with Google, the company wants everyone to know that the problem is not as big as it seems and, yes, they are taking it seriously.

Blippy launched a few months ago as a service that lets you plug in your credit card and broadcasts online every single purchase you make. For people looking for public accountability about what they spend money on, or just another social networking vanity trip, it’s pretty neat. But maybe there’s certain things that come in brown paper bags that you don’t want your mother stumbling across. Rolling out along with a Facebook-esque site redesign, Blippy has added a new privacy feature that lets you manually screen out individual purchases before the hit the net, and your mom hits the roof. To use it,